Whole of Market Bridging Loans Broker
Bridgingloans.co.uk is a well established master finance broker directly regulated by the FCA (Finance Conduct Authority). As a trading style of UK Property Finance Ltd we are committed to providing service excellence & total transparency to our clients. We have access to the best rates for bridging loans, development finance & commercial finance, making us able to deliver affordable quick finance.
Shortlisted As Best Bridging Loans Broker 2017
We are proud to be shortlisted as the best bridging finance broker in the UK. UK Property Finance is a fully independent, FCA regulated organisation. Committed to quality, transparency and comprehensively objective advice above all else. The UK bridging loans market is growing at its fastest-ever pace right now, which further emphasises the significance of our nomination for such a prestigious award.
The 4 Step Bridging Loan Process
It is our aim to provide expert bridging solutions without the confusion. Here is a simplified version of the process you will go through when applying for bridging finance.
1) Basic enquiry – We provide each of our prospective clients with free and impartial advice during an initial consultation over the phone where we will discuss your individual requirements, personal circumstances and the available options. As qualified bridging specialists, we will approve the decision to lend in principal there and then, whilst providing an accurate estimation of the borrowing costs.
2) Detailed quote and loan acceptance – It usually takes around an hour or two for us to source a suitable finance solution. Next, we will send you an email with a detailed quote once you have been accepted by one of our lenders.
3) Property valuation and legal works – If you decide to go ahead with the bridging loan offer, we will then need to instruct a valuation on the property you are using as collateral. Although this is not always necessary, the majority of lenders will require a valuation to be carried out.
Depending on the urgency of the situation, the necessary legal works can be carried out at the same time as the valuation although, in most instances, they can be dealt with nearer the time of the funds being issued.
4) Completion or Payout – Also known as Drawdown, once the loan is ready the funds can be released to the borrower either immediately or as soon as they are needed.
To know more detail on the criteria visit this page to learn more about the bridging loan criteria applicable when seeking to obtain a bridging loan in the UK.
Below are common uses for bridging loans and visit this page to see more detailed explanations as to what the different types of bridging loans are available in the UK.
Common Uses for a Bridging Loan Application
Need short term working capital for your business in the UK.
Purchasing bargain property quickly at auction and need the finance fast.
Cash Flow Problems
When you require cash urgently during a temporary financial set back.
Finance those unexpected tax bills and get HMRC payments up to date.
Upgrade your residential property or business premises in the UK.
Do not miss out on a UK property investment buy to let opportunity.
Seen your ideal property but in a chain & need temporary funding to move quickly.
When your property sale falls through due to a chain member pulling out.
No Bridge Too Far!
“The team at BridgingLoans.co.uk have demonstrated outstanding professionalism and market knowledge concerning commercial funding in what is a very difficult market. The diligence and integrity in all matters concerning my own business has been exemplary. They are first class communicators, ensuring that you are always up to date with the status of any transaction and proved capable of delivering on the finance required.”
Mr A Rutherford.
Royal Saint Davids Golf & Hotel Complex